SLC: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SLC
Largest movements
- Tangible fixed assets -€23,393
down €23,393 (-39.1%), from €59,800 to €36,408
- Cash -€22,711
down €22,711 (-36.0%), from €63,078 to €40,367
mainly Current investments (-€22,083) and Current portion of long-term debt (-€21,352)
- Current investments +€22,083
up €22,083 (+736.1%), from €3,000 to €25,083
- Stocks and contracts -€7,660
down €7,660 (-61.0%), from €12,550 to €4,890
- Current portion of long-term debt -€21,352
down €21,352 (-63.4%), from €33,668 to €12,316
- Trade debts -€8,075
down €8,075 (-17.2%), from €46,987 to €38,912
- Tax, wage and social debts -€2,934
down €2,934 (-10.0%), from €29,264 to €26,330
of which Taxes: -€3,619
- Investment grants +€2,627
up €2,627 (+151.6%), from €1,733 to €4,360
- Debts after one year -€2,347
down €2,347 (-100.0%), from €2,347 to €0
- Gross operating margin -€31,965
down €31,965 (-6.3%), from €509,776 to €477,812
- Depreciation -€14,832
down €14,832 (-37.1%), from €39,948 to €25,116
- Staff costs -€13,080
down €13,080 (-3.0%), from €436,695 to €423,615
- Other operating charges -€12,398
down €12,398 (-77.1%), from €16,089 to €3,691
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,140 | €126,007 | -€30,133 | -19.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €62,050 | €38,658 | -€23,393 | -37.7% |
| Tangible fixed assets | 22/27 | €59,800 | €36,408 | -€23,393 | -39.1% |
| Land and buildings | 22 | €8,995 | €1,920 | -€7,075 | -78.7% |
| Plant, machinery and equipment | 23 | €7,799 | €6,698 | -€1,102 | -14.1% |
| Furniture and vehicles | 24 | €11,767 | €10,413 | -€1,354 | -11.5% |
| Leasing and similar rights | 25 | €7,264 | €0 | -€7,264 | -100.0% |
| Other tangible fixed assets | 26 | €23,976 | €17,377 | -€6,598 | -27.5% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €94,089 | €87,349 | -€6,740 | -7.2% |
| Stocks and contracts in progress | 3 | €12,550 | €4,890 | -€7,660 | -61.0% |
| Stocks | 30/36 | €12,550 | €4,890 | -€7,660 | -61.0% |
| Amounts receivable within one year | 40/41 | €11,243 | €12,685 | +€1,442 | +12.8% |
| Trade receivables | 40 | €3,832 | €5,542 | +€1,710 | +44.6% |
| Other amounts receivable | 41 | €7,411 | €7,143 | -€268 | -3.6% |
| Current investments | 50/53 | €3,000 | €25,083 | +€22,083 | +736.1% |
| Cash at bank and in hand | 54/58 | €63,078 | €40,367 | -€22,711 | -36.0% |
| Deferred charges and accrued income | 490/1 | €4,219 | €4,325 | +€106 | +2.5% |
| Total equity and liabilities | 10/49 | €156,140 | €126,007 | -€30,133 | -19.3% |
| Equity | 10/15 | €43,697 | €48,449 | +€4,752 | +10.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,964 | €34,090 | +€2,125 | +6.6% |
| Investment grants | 15 | €1,733 | €4,360 | +€2,627 | +151.6% |
| Amounts payable | 17/49 | €112,442 | €77,558 | -€34,885 | -31.0% |
| Amounts payable after more than one year | 17 | €2,347 | €0 | -€2,347 | -100.0% |
| Financial debts | 170/4 | €2,347 | €0 | -€2,347 | -100.0% |
| Amounts payable within one year | 42/48 | €110,096 | €77,558 | -€32,538 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €33,668 | €12,316 | -€21,352 | -63.4% |
| Trade debts | 44 | €46,987 | €38,912 | -€8,075 | -17.2% |
| Suppliers | 440/4 | €46,987 | €38,912 | -€8,075 | -17.2% |
| Taxes, remuneration and social security | 45 | €29,264 | €26,330 | -€2,934 | -10.0% |
| Taxes | 450/3 | €8,310 | €4,691 | -€3,619 | -43.6% |
| Remuneration and social security | 454/9 | €20,954 | €21,640 | +€685 | +3.3% |
| Other amounts payable | 47/48 | €177 | €0 | -€177 | -100.0% |
| Remuneration, social security and pensions | 62 | €436,695 | €423,615 | -€13,080 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,948 | €25,116 | -€14,832 | -37.1% |
| Other operating charges | 640/8 | €16,089 | €3,691 | -€12,398 | -77.1% |
| Non-recurring operating charges | 66A | €8,100 | €0 | -€8,100 | -100.0% |
| Gross operating margin | 9900 | €509,776 | €477,812 | -€31,965 | -6.3% |
| Operating profit (loss) | 9901 | €8,944 | €25,389 | +€16,446 | +183.9% |
| Financial income | 75/76B | €828 | €2,152 | +€1,324 | +160.0% |
| Recurring financial income | 75 | €828 | €2,152 | +€1,324 | +160.0% |
| Financial charges | 65/66B | €17,038 | €20,808 | +€3,770 | +22.1% |
| Recurring financial charges | 65 | €17,038 | €20,808 | +€3,770 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,267 | €6,733 | +€14,000 | |
| Income taxes | 67/77 | €0 | €4,608 | +€4,608 | |
| Profit (loss) for the period | 9904 | -€7,267 | €2,125 | +€9,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,267 | €2,125 | +€9,392 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.